Watch this webinar on demand
With major advancements in analytics process automation technology, business processes in tax are changing to make data shareable, automate tedious and complex processes, and turn data into results once and for all.
Follow along as we share this state apportionment use case that required 100+ hours of time for a senior tax manager to complete annually. The complicated process required 19 different data sources to be manually exported into Excel for the necessary procedures to be completed. By chaining RPA and APA technologies, the 100+ hour annual process was reduced to under 15 minutes a quarter, equating to approximately $40,000 annually in labor cost savings.
Additionally, the improved accuracy of complicated entity structures eliminated an estimated 90% of quarterly tax underpayments, which resulted in a significant reduction in penalties.
Watch this use case + discover how:
- Analytic Process Automation (APA) can bring together multiple data sources to achieve actionable insights
- Complementary technologies like RPA and APA can help tax teams save internal labor costs or fees paid to external providers
- Automation can lead to increased accuracy and a reduction in underpayment penalties
In 45 minutes, you’ll see an example of how to improve your decision-making speed by altering your ability to prepare, blend, and analyze data, without writing any code or relying on IT.
Making a difference in your organization is within reach. Watch today.